Home Commercial 69,000 SQFT Sun Basin Self Stor in Othello Sells for $5.5MM

69,000 SQFT Sun Basin Self Stor in Othello Sells for $5.5MM

Sun Basin Self Stor, Othello, Marcus & Millichap, Seattle, Puget Sound

OTHELLO, WA, April 4, 2023 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Sun Basin Self Stor, a 68,629-square foot self-storage located in Othello, WA, according to Joel Deis, regional manager of the firm’s Seattle office. The asset sold for $5,500,000.

Christopher R. Secreto, an investment specialist in Marcus & Millichap’s Seattle office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.  The buyer, a family trust, was secured and represented by Secreto as well.Sun Basin Self Stor is located at 610 S 1st Ave in Othello, WA. It has a total of 501 self-storage units, of which were 91% occupied by the time of sale.

About Marcus & Millichap (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion.